HERITAGE BANKSHARES, INC.
Chief Executive and Principal Financial Officer
Code of Ethics
Heritage Bankshares, Inc. and its subsidiaries promotes ethical conduct in the practice of financial management and reporting. The Chief Executive Officer and Chief Financial Officer hold an important and elevated role in corporate governance. They are uniquely capable and empowered to ensure that all stakeholders' interests are appropriately balanced, protected and preserved. This Code provides principles to which these individuals are expected to adhere and advocate. Violations of the Code of Ethics may subject the individual to termination of his/her employment with the Company.
The Chief Executive Officer and the Chief Financial Officer will:
Violations of this code must promptly be reported to the members of the Audit Committee of the Company. In order for notification to be considered "prompt" within this policy, any violations must be communicated to the Committee within 72 hours of discovery. Communication may take the form of a verbal communication or a written communication. In the case of a verbal communication, it must be followed by a written communication within 24 hours of the verbal communication.